Crude Oil Trading: Where It All Began & Future Predictions (+2K Views)

Lorimer Wilson July 14, 2016 Comments Off on Crude Oil Trading: Where It All Began & Future Predictions (+2K Views) 3,386 Views

Today’s infographic serves as the perfect primer for all the questions about oil that you had, yet were afraid to ask. It also illustrates the impact that unexpected geopolitical events can have on the oil price – and how this volatility can be contagious to other global markets.

The comments above and below are excerpts from an article by Jeff Desjardins (VisualCapitalist.com) which has been edited ([ ]) and abridged (…) to provide a faster and easier read.

Disclosure: The above article/infographic has been edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.

“Follow the munKNEE” on Facebook, on Twitter or via our FREE bi-weekly Market Intelligence Report newsletter (see sample here , sign up in top right hand corner)

Related Articles from the munKNEE Vault:

1. Brent vs. West Texas Intermediate Crude Oil: What’s the Diff?

We use crude oil for everything from running our cars to making plastic. The need for oil causes conflicts and gives power to those countries that have an abundance of it. Taking all this into account, not too many of us actually know how it’s priced. A lot of us hear how much it costs per barrel or get mad when prices go up at the pump but what’s the method behind the madness? Hopefully, I can shed a little light on the process. Words: 790

2. Why & How Oil Prices Fluctuate

To understand why and how oil prices fluctuate take a look at today’s infographic from which illustrates the many different issues – supply and demand, weather, technology, geopolitics, as well as other factors – that make oil prices fluctuate.

3. These 10 Countries Have the Largest Proven Crude Oil Reserves

Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting on the greatest amounts of proven crude oil reserves (bbl). Check them out below.

4. Construction of Keystone XL (oil) Pipeline Through American Mid-west: The Pros & Cons

Below is an infographic presenting a crash course in the need for, problems with, and benefits of, building the Keystone XL pipeline from Alberta through the American mid-west to the refineries in Texas.

5. Canadian Oil Sands: World’s Single Largest Petroleum Resource and…

The Canadian oil sands are the world’s single largest petroleum resource at 1.7 trillion barrels. With conventional oil supply decreasing, heavy oil projects such as the oil sands become more attractive economically to meet the needs of growing demand. While environmental concerns about the oil sands remain, the options for plentiful, cost efficient, and clean oil sources are limited.

6. These 10 Charts Should Put Your Mind at Ease Regarding Canada’s Oil Sands

The following charts come straight from the Canadian Association of Petroleum Producers in an attempt to put the benefits and impact of Alberta, Canada’s oil sands into proper perspective from their point of view. Take a look and I think you will be favourably impressed. Words: 540

7. Canada’s Oil Sands to Have $520 Billion Impact on U.S. Economy: Here Are the Facts, State by State

Canada is the largest supplier of oil to the U.S. When the U.S. imports oil from Canada, the spin-off economic benefits are substantial. The interactive map of the U.S. below will let you calculate the economic impact generated in each U.S. state from new oil sands projects in Alberta, Canada.

8. A Look at the Canadian Oil Sands: the U.S.’s #1 Source of Supply

The third largest source of oil in the world is the Canadian oil sands and the United States already imports more of it from there than from anywhere else. With oil prices on the rise, the controversial oil sands are likely to become even more economically viable, despite experts’ warnings about environmental risks [and the political and environmental gamesmanship to block the Keystone pipeline project from there to refining facilities in the U.S.]. Below are 12 incredible facts about the oil sands.

9. The Oil Sands are NOT the “Tar” Sands and 9 More Interesting Facts

The oil sands in northern Alberta are crucially important to the Canadian economy. People from all over the country are traveling there to find work. The news is filled with controversy over proposed pipelines (the Keystone XL and the Northern Gateway) to carry the oil to export markets. Here are 10 things everyone should know about the oil sands. Words: 878

10. Canada’s Oil Sands: “The World’s Dirtiest Commodity”?

When you think of Canada, which qualities come to mind: the world’s peacekeeper, the friendly nation, a liberal counterweight to the harsher pieties of its southern neighbour, decent, civilised, fair, well-governed? Think again. This country’s government is now behaving with all the sophistication of a chimpanzee’s tea party. Words: 1377

11. How ‘Crude’ are Canada’s Oil Sands?

The carbon footprint left by Canada’s oil sands has been a target of criticism for years with many environmentalists suggesting that the extraction and processing of bitumen from Alberta’s northern oil sands is “two to three times worse” for the environment than any other supply of oil on the planet. Is that legitimate criticism? Words: 692

12. This Map Shows Where Each US Region Gets Its Oil Imports

The United States imported about 40 percent of its oil in 2012. So where are we getting it from? It depends a lot on where you live. [This article presents a map showing U.S. crude oil imports by country of origin for 2012 with commentary on regional particulars.]

Links to More Sites With Great Financial Commentary & Analyses:

ChartRamblings; WolfStreet; MishTalk; SgtReport; FinancialArticleSummariesToday; FollowTheMunKNEE; ZeroHedge; Alt-Market; BulletsBeansAndBullion; LawrieOnGold; PermaBearDoomster; ZenTrader; EconMatters; CreditWriteDowns;